Global Glucuronolactone Market Report and Forecast 2024-2032

Global Glucuronolactone Market Outlook

The global glucuronolactone market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.

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Increased Demand for Energy Supplements to Propel the Market Growth of the Global Glucuronolactone Industry

Based on application, the energy supplements segment is predicted to account for a significant market share in the glucuronolactone industry. This can be attributed to the rising awareness among consumers pertaining to health and fitness. Consumers are increasingly investing in energy drinks, especially fitness enthusiasts and the youth that enjoy energy-boosting food and beverages. In addition, the use of glucuronolactone as a detoxifying agent in functional beverages is also expected to contribute to its overall popularity in the forecast period.

North America to Possess a Significant Market Share in the Global Glucuronolactone Industry

North America is anticipated to occupy a significant share of the global glucuronolactone industry in the forecast period. This growth can be attributed to the heightened utilisation of glucuronolactone as a nutritional supplement in the region, motivated by the increasing health consciousness among consumers. In addition, high consumer purchasing power and high standards of living are also leading to the industry growth. Moreover, the presence of leading beverages manufacturers in the region is also contributing to the industry growth. For instance, Monster Energy is an exceptionally popular energy drink in the region.

Glucuronolactone: Market Segmentation

Glucuronolactone refers to a chemical that primarily finds usage in the manufacturing of energy drinks. It is used as it can help enhance attention and improve athletic performance. It is a naturally occurring substance and a critical element in nearly all connective tissues. It is produced in the body in small amounts. In addition, it can also be manufactured synthetically in laboratories to be used in food and beverages as a performance enhancer and recovery aid.

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By application, the market is divided into:

• Preservatives 
• Antioxidants
• Processing Aids and Additives
• Energy Supplements
• Others

Based on end use, the market can be categorised into:

• Food and Beverages 
• Pharmaceuticals 
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Heightened Investments in the Pharmaceutical Sector to Bolster the Growth of the Global Glucuronolactone Industry

The rising investments in the pharmaceutical sector are aiding the growth of the glucuronolactone industry. This can be attributed to the increased usage of glucuronolactone in the production of drugs, wherein glucuronolactone is used as an additive to maintain consistency and other characteristics. In addition, the rising incidences of chronic illnesses along with the growing geriatric population are also adding to the overall market growth. Moreover, the high usage of glucuronolactone in the food and beverages sector, for instance, as a curing, pickling and leavening agent, is also predicted to bolster the market growth. Furthermore, the rising health consciousness and increased interest in improving physical fitness are also anticipated to boost the demand for glucuronolactone in the forecast period.

Key Industry Players in the Global Glucuronolactone Market

The report gives a detailed analysis of the following key players in the global glucuronolactone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Aceto Corporation
• Creative Compounds
• Foodchem International Corporation
• Millipore Sigma
• Shouguang Zhonghe Biochemical Engineering Co. Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report